I purchased shares in Toyota Motors today (TM) at $121.28 per share. Toyota is the only large car company left that is growing and improving. They are on the cutting edge by being first on the market with hybrids and continue to invest in the future.
Toyota cars last and they get good gas mileage, which is getting more important every day with gas prices north of $3.00 per gallon. We've seen misery at both Ford and GM and in recent days Chrysler looks like it's going private. Toyota is not saddled with the large pension costs as it's compeitors and is non-union, thus lower labor costs.
I think now is a good entry point for the premier auto company out there. They always seem to get it right, something that can't be said for GM and Ford.
I also took a small position today in IShares MSCI Japan Index (EWJ) at $14.26 per share. It's largest holding is Toyota.
The investment seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the Japanese market, as measured by the MSCI Japan index. The fund normally invests at least 95% of assets in the securities of its underlying index and in ADRs based on the securities in its underlying index. It uses a representative sampling strategy to try to track the index. The index consists of stocks traded primarily on the Tokyo Stock Exchange. It is nondiversified.
Thursday, May 17, 2007
Thursday, May 10, 2007
CATERPILLAR & WASHINGTON MUTUAL
I sold my positions in Caterpillar and Washington Mutual today. They both had a quick run up in price and I still like both companies but feel I must take some profits here.
Caterpillar was sold at $73.41 per share. I held it for 3 month and realized a 16.3 percent profit.
Washington Mutual was sold at $42.56 per share and was held for 1 month and I realized a 9 percent profit.
I've made mistakes in the past by selling to early but have also found it in my favor by selling and then when the price goes back down buying again. You can never time your trades perfectly to the top and bottom of a stock range but you also can't go broke by taking profits when a stock has a nice run up in a short amount of time.
I will continue to watch both of these stocks and if they take a tumble I would not hesitate to get back in both of them.
Caterpillar was sold at $73.41 per share. I held it for 3 month and realized a 16.3 percent profit.
Washington Mutual was sold at $42.56 per share and was held for 1 month and I realized a 9 percent profit.
I've made mistakes in the past by selling to early but have also found it in my favor by selling and then when the price goes back down buying again. You can never time your trades perfectly to the top and bottom of a stock range but you also can't go broke by taking profits when a stock has a nice run up in a short amount of time.
I will continue to watch both of these stocks and if they take a tumble I would not hesitate to get back in both of them.
Tuesday, April 24, 2007
GENERAL ELECTRIC (GE)
You can't ask for a more solid company than GE. I added more shares today at $34.65. It trades at a P/E of 17.28 and pays a $1.12 dividend to yield 3.2 percent.
General Electric Company (GE) is a diversified industrial corporation. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; aircraft engine derivatives; gas and steam turbines, and generators; oil and natural gas compressors and turbines; diesel-electric locomotives and parts; and productivity solutions for industrial and municipal water systems. It offers various financial products and services aviation and energy sectors. The company�s Commercial Finance segment provides loans, leases, and other financial services to manufacturers, distributors, and end-users for various equipment and capital assets. Its GE Money segment provides financial services to consumers and retailers, such as credit cards, loans, mortgages, deposit and savings products, and other products. GE�s Healthcare segment manufactures equipment for magnetic resonance, computed tomography, positron emission tomography imaging, X-ray, patient monitoring, diagnostic cardiology, nuclear imaging, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care and therapy. Its NBC Universal segment provides network television services; produces television programs and motion pictures; operates television broadcasting stations; owns various cable/satellite networks; and operates theme parks. The company�s Industrial segment offers home appliances; lamp products; electrical distribution and control products; motors and control systems used in end-industrial and consumer products; commercial lighting systems; plastics and structured products; protection and productivity solutions; handheld and portable field calibrators; equipment for detection of material defects; stand-alone measurement instrumentation; and systems for validating or certifying commercial and industrial processes. GE was founded in 1892 and is headquartered in Fairfield, Connecticut.
General Electric Company (GE) is a diversified industrial corporation. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; aircraft engine derivatives; gas and steam turbines, and generators; oil and natural gas compressors and turbines; diesel-electric locomotives and parts; and productivity solutions for industrial and municipal water systems. It offers various financial products and services aviation and energy sectors. The company�s Commercial Finance segment provides loans, leases, and other financial services to manufacturers, distributors, and end-users for various equipment and capital assets. Its GE Money segment provides financial services to consumers and retailers, such as credit cards, loans, mortgages, deposit and savings products, and other products. GE�s Healthcare segment manufactures equipment for magnetic resonance, computed tomography, positron emission tomography imaging, X-ray, patient monitoring, diagnostic cardiology, nuclear imaging, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care and therapy. Its NBC Universal segment provides network television services; produces television programs and motion pictures; operates television broadcasting stations; owns various cable/satellite networks; and operates theme parks. The company�s Industrial segment offers home appliances; lamp products; electrical distribution and control products; motors and control systems used in end-industrial and consumer products; commercial lighting systems; plastics and structured products; protection and productivity solutions; handheld and portable field calibrators; equipment for detection of material defects; stand-alone measurement instrumentation; and systems for validating or certifying commercial and industrial processes. GE was founded in 1892 and is headquartered in Fairfield, Connecticut.
Wednesday, April 18, 2007
LUNDIN MINING CORP. (LMC)
I took a new position today in Lundin Mining Corp. (LMC). They are buying up mines at a rapid pace and appear to be under the radar of most analyst's. Purchase price was $13.40.
Lundin Mining Corporation, through its subsidiaries, engages in the exploration, extraction, and processing of base metal, silver and gold mining, and mineral exploration properties in Sweden, Ireland, Portugal, Spain, Eritrea, Iran, and Canada. The company produces zinc, lead, and silver at the Zinkgruvan Mine located in the southwest of Stockholm, Sweden. It also owns the Galmoy Mine in Country Kilkenny, Ireland; the Neves-Corvo copper mine in Portugal; the Aljustrel mining license and operating permits and the assets of the Aljustrel mine; and Storliden zinc/copper mine and the Norrliden copper/zinc/silver deposit located in Sweden. In addition, the company has interests in the exploration permits located in Norrbotten County in northern Sweden covering an area of approximately 97,000 hectares; 20% back-in right with respect to certain claims in NP Project in northern Finland; 38% interest in the Mehdiabad zinc-lead deposit in Iran; and 100% of the Akie zinc-lead property in northeastern British Columbia. Further, the company has an option to acquire 100% interests in Rakkurijarvi discovery and other prospects in the Norrbotten district of Sweden. Lundin Mining has strategic partnerships with Sunridge Gold Corporation, Sanu Resources, Ltd., and Mantle Resources, Ltd. The company was incorporated in 1994 under the name South Atlantic Diamonds Corp. and changed its name to South Atlantic Resources, Ltd. in 1996. Further, it changed its name to South Atlantic Ventures, Ltd. in 2002 and to Lundin Mining Corporation in 2004. The company is headquartered in Stockholm, Sweden.
Lundin Mining Corporation, through its subsidiaries, engages in the exploration, extraction, and processing of base metal, silver and gold mining, and mineral exploration properties in Sweden, Ireland, Portugal, Spain, Eritrea, Iran, and Canada. The company produces zinc, lead, and silver at the Zinkgruvan Mine located in the southwest of Stockholm, Sweden. It also owns the Galmoy Mine in Country Kilkenny, Ireland; the Neves-Corvo copper mine in Portugal; the Aljustrel mining license and operating permits and the assets of the Aljustrel mine; and Storliden zinc/copper mine and the Norrliden copper/zinc/silver deposit located in Sweden. In addition, the company has interests in the exploration permits located in Norrbotten County in northern Sweden covering an area of approximately 97,000 hectares; 20% back-in right with respect to certain claims in NP Project in northern Finland; 38% interest in the Mehdiabad zinc-lead deposit in Iran; and 100% of the Akie zinc-lead property in northeastern British Columbia. Further, the company has an option to acquire 100% interests in Rakkurijarvi discovery and other prospects in the Norrbotten district of Sweden. Lundin Mining has strategic partnerships with Sunridge Gold Corporation, Sanu Resources, Ltd., and Mantle Resources, Ltd. The company was incorporated in 1994 under the name South Atlantic Diamonds Corp. and changed its name to South Atlantic Resources, Ltd. in 1996. Further, it changed its name to South Atlantic Ventures, Ltd. in 2002 and to Lundin Mining Corporation in 2004. The company is headquartered in Stockholm, Sweden.
Tuesday, April 10, 2007
PEABODY ENERGY (BTU) WASHINGTON MUTUAL (WM)
I took profits in Peabody Energy (BTU) today and sold at $44.98 for a 10 percent profit in 6 months.
I used that money to buy Washington Mutual (WM) at $39.01. WM pays a 5.4 percent dividend and is down near it's 52 week low because of the sub-prime loans. The exposure to sub-prime loans is a very small percentage of Washington Mutuals business and I feel it's gotten beat up a little too much and will reinvest my dividends while I wait for it to go up.
Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking, Card Services, Commercial, and Home Loans. The Retail Banking segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking accounts, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services segment�s operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial segment provides finance to developers and investors for multi-family dwellings and other commercial properties, services multi-family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans segment originates and services home loans, manages capital market operations, fulfillment and servicing of portfolio of home equity loans and lines of credit, originates and purchases mortgage loans to higher risk borrowers, provides financing and other banking services to mortgage bankers for the origination of mortgage loans, and offers insurance-related products and reinsurance services. This segment offers various real estate secured residential loan products and services primarily consisting of fixed-rate home loans, adjustable-rate home loans, hybrid home loans, option ARM loans, and mortgage loans to higher risk borrowers. As of December 31, 2006, the company operated 2,225 retail banking stores and 472 lending stores and centers in 36 states. Washington Mutual was founded in 1889 and is headquartered in Seattle, Washington.
I used that money to buy Washington Mutual (WM) at $39.01. WM pays a 5.4 percent dividend and is down near it's 52 week low because of the sub-prime loans. The exposure to sub-prime loans is a very small percentage of Washington Mutuals business and I feel it's gotten beat up a little too much and will reinvest my dividends while I wait for it to go up.
Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking, Card Services, Commercial, and Home Loans. The Retail Banking segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking accounts, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services segment�s operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial segment provides finance to developers and investors for multi-family dwellings and other commercial properties, services multi-family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans segment originates and services home loans, manages capital market operations, fulfillment and servicing of portfolio of home equity loans and lines of credit, originates and purchases mortgage loans to higher risk borrowers, provides financing and other banking services to mortgage bankers for the origination of mortgage loans, and offers insurance-related products and reinsurance services. This segment offers various real estate secured residential loan products and services primarily consisting of fixed-rate home loans, adjustable-rate home loans, hybrid home loans, option ARM loans, and mortgage loans to higher risk borrowers. As of December 31, 2006, the company operated 2,225 retail banking stores and 472 lending stores and centers in 36 states. Washington Mutual was founded in 1889 and is headquartered in Seattle, Washington.
Thursday, March 29, 2007
American Century Global Gold Inv (BGEIX)
I put a buy order in today for the Mutual Fund American Century Global Gold (BGEIX). It closed yesterday at 19.15 and my buy will go in at today's closing price.
The investment seeks capital appreciation and current income. The fund invests 80% of assets in securities of Gold Companies engaged in mining, processing, exploring for or otherwise dealing with other precious metals. It is nondiversified.
It's top ten holdings are as follows: 1. Goldcorp 2. Barrick Gold 3. Newmont Mining 4. Yamana Gold 5. Kinross Gold 6. Agnico-Eagle Mines 7. Gold Fields 8. Oxiana Resources 9.Lihir Gold 10. Bema Gold Corp.
The investment seeks capital appreciation and current income. The fund invests 80% of assets in securities of Gold Companies engaged in mining, processing, exploring for or otherwise dealing with other precious metals. It is nondiversified.
It's top ten holdings are as follows: 1. Goldcorp 2. Barrick Gold 3. Newmont Mining 4. Yamana Gold 5. Kinross Gold 6. Agnico-Eagle Mines 7. Gold Fields 8. Oxiana Resources 9.Lihir Gold 10. Bema Gold Corp.
BlackRock Dividend Achievers Trust (BDV)
I added shares of BDV yesterday at 14.77 per share. I had a limit buy and it hit the mark yesterday only to rally back and end the day at 14.90. It pays .90 cents per share dividend which equals about 6 percent at todays price.
The top ten holding are as follows: 1. AT&T 2. Bank of America 3. Chevron 4. Citigroup 5. Altria 6. GE 7. Merck 8. Wells Fargo 9. Pfizer 10. Washington Mutual
BlackRock Dividend Achievers Trust operates as a diversified, closed-end management investment company. The trust invests in common stocks of automotive, basic materials, conglomerates, consumer products, energy, financial institutions, health care, industrials, real estate, technology, and telecommunications companies, as well as in money market funds. BlackRock Advisors, Inc. serves as the investment advisor for the trust. BlackRock Dividend Achievers Trust was founded in 2003 and is based in the Wilmington, Delaware.
The top ten holding are as follows: 1. AT&T 2. Bank of America 3. Chevron 4. Citigroup 5. Altria 6. GE 7. Merck 8. Wells Fargo 9. Pfizer 10. Washington Mutual
BlackRock Dividend Achievers Trust operates as a diversified, closed-end management investment company. The trust invests in common stocks of automotive, basic materials, conglomerates, consumer products, energy, financial institutions, health care, industrials, real estate, technology, and telecommunications companies, as well as in money market funds. BlackRock Advisors, Inc. serves as the investment advisor for the trust. BlackRock Dividend Achievers Trust was founded in 2003 and is based in the Wilmington, Delaware.
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